The jackpot for the Powerball draw on Sat Jul 4, 2026, is projected to be $396 Million, with an option for a cash payout of $180.2 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For New York residents, the state will deduct 8.82% from your lottery earnings.
| New York Powerball Jackpot/Cash Option for Sat Jul 4, 2026 |
|---|
| Draw Date | Sat Jul 4, 2026 | | Projected Jackpot | $396,000,000 | | Cash Value | $180,200,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $180,200,000 | | Federal Tax(24%) | $43,248,000 | | Additional Federal Tax | $23,386,330 | | State Tax(8.82%) | $15,893,640 | | Net Lumpsum Payment | $97,672,030 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$5,960,196 |
$2,165,603
$525,689 |
$3,268,904 |
| 2 |
$6,258,384 |
$2,275,932
$551,989 |
$3,430,463 |
| 3 |
$6,571,224 |
$2,391,683
$579,582 |
$3,599,959 |
| 4 |
$6,899,904 |
$2,513,295
$608,572 |
$3,778,037 |
| 5 |
$7,244,820 |
$2,640,914
$638,993 |
$3,964,913 |
| 6 |
$7,607,160 |
$2,774,980
$670,952 |
$4,161,228 |
| 7 |
$7,987,320 |
$2,915,639
$704,482 |
$4,367,199 |
| 8 |
$8,386,884 |
$3,063,477
$739,723 |
$4,583,684 |
| 9 |
$8,806,248 |
$3,218,642
$776,711 |
$4,810,895 |
| 10 |
$9,246,600 |
$3,381,572
$815,550 |
$5,049,478 |
| 11 |
$9,708,732 |
$3,552,561
$856,310 |
$5,299,861 |
| 12 |
$10,194,228 |
$3,732,195
$899,131 |
$5,562,902 |
| 13 |
$10,703,880 |
$3,920,766
$944,082 |
$5,839,032 |
| 14 |
$11,239,272 |
$4,118,861
$991,304 |
$6,129,107 |
| 15 |
$11,801,196 |
$4,326,773
$1,040,865 |
$6,433,558 |
| 16 |
$12,391,236 |
$4,545,088
$1,092,907 |
$6,753,241 |
| 17 |
$13,010,580 |
$4,774,245
$1,147,533 |
$7,088,802 |
| 18 |
$13,661,208 |
$5,014,977
$1,204,919 |
$7,441,312 |
| 19 |
$14,344,308 |
$5,267,724
$1,265,168 |
$7,811,416 |
| 20 |
$15,061,464 |
$5,533,072
$1,328,421 |
$8,199,971 |
| 21 |
$15,814,656 |
$5,811,753
$1,394,853 |
$8,608,050 |
| 22 |
$16,605,468 |
$6,104,354
$1,464,602 |
$9,036,512 |
| 23 |
$17,435,484 |
$6,411,459
$1,537,810 |
$9,486,215 |
| 24 |
$18,307,476 |
$6,734,097
$1,614,719 |
$9,958,660 |
| 25 |
$19,222,632 |
$7,072,704
$1,695,436 |
$10,454,492 |
| 26 |
$20,184,120 |
$7,428,455
$1,780,239 |
$10,975,426 |
| 27 |
$21,193,128 |
$7,801,788
$1,869,234 |
$11,522,106 |
| 28 |
$22,252,824 |
$8,193,875
$1,962,699 |
$12,096,250 |
| 29 |
$23,365,584 |
$8,605,596
$2,060,845 |
$12,699,143 |
| 30 |
$24,533,784 |
$9,037,830
$2,163,880 |
$13,332,074 |
|
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